IRIS Accounts Production v23.3.0.418 10201591 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary A shares 0.01000 Ordinary B shares 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102015912022-05-31102015912023-05-31102015912022-06-012023-05-31102015912021-05-31102015912021-06-012022-05-31102015912022-05-3110201591ns10:Originalns15:EnglandWales2022-06-012023-05-3110201591ns14:PoundSterlingns10:Original2022-06-012023-05-3110201591ns10:Originalns10:Director12022-06-012023-05-3110201591ns10:Original2022-06-012023-05-3110201591ns10:Original2023-05-3110201591ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3110201591ns10:Originalns10:SmallEntities2022-06-012023-05-3110201591ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3110201591ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3110201591ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3110201591ns10:Originalns10:FullAccounts2022-06-012023-05-3110201591ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3110201591ns10:Originalns10:OrdinaryShareClass22022-06-012023-05-3110201591ns10:Originalns10:Director22022-06-012023-05-3110201591ns10:Originalns10:RegisteredOffice2022-06-012023-05-3110201591ns10:Original2022-05-3110201591ns10:Originalns5:CurrentFinancialInstruments2023-05-3110201591ns10:Originalns5:CurrentFinancialInstruments2022-05-3110201591ns5:ShareCapitalns10:Original2023-05-3110201591ns5:ShareCapitalns10:Original2022-05-3110201591ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3110201591ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3110201591ns10:Original2021-06-012022-05-3110201591ns10:Originalns5:CostValuation2023-05-3110201591ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3110201591ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3110201591ns10:Originalns10:OrdinaryShareClass12023-05-3110201591ns10:Originalns10:OrdinaryShareClass22023-05-31
REGISTERED NUMBER: 10201591 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

RIXPROP LTD

RIXPROP LTD (REGISTERED NUMBER: 10201591)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIXPROP LTD

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTORS: Mr J L Rix
Mr R R Rix





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 10201591 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

RIXPROP LTD (REGISTERED NUMBER: 10201591)

BALANCE SHEET
31st May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 25 25

CURRENT ASSETS
Debtors 5 302 302
Cash at bank 7,548 7,568
7,850 7,870
CREDITORS
Amounts falling due within one year 6 (5,292 ) (4,104 )
NET CURRENT ASSETS 2,558 3,766
TOTAL ASSETS LESS CURRENT LIABILITIES 2,583 3,791

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings 2,481 3,689
SHAREHOLDERS' FUNDS 2,583 3,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RIXPROP LTD (REGISTERED NUMBER: 10201591)

BALANCE SHEET - continued
31st May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st February 2024 and were signed on its behalf by:





Mr J L Rix - Director


RIXPROP LTD (REGISTERED NUMBER: 10201591)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023


1. STATUTORY INFORMATION

Rixprop Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 10201591. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD and the principal place of business is Universal Square, Devonshire Street North, Manchester, M12 6JH.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise of cash at bank and in hand. Bank borrowings are included within creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

RIXPROP LTD (REGISTERED NUMBER: 10201591)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023


4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st June 2022
and 31st May 2023 25
NET BOOK VALUE
At 31st May 2023 25
At 31st May 2022 25

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 302 302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 5,292 4,104

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary A shares £0.01 100 100
200 Ordinary B shares £0.01 2 2
102 102